The Canadian economy will enter a technical recession in the first half of 2023, according to Jean-François Perrault, chief economist at Scotiabank Economics.
The Canadian economy will enter a technical recession in the first half of 2023, according to Jean-François Perrault, chief economist and senior vice-president at Scotiabank Economics.
Perrault added that his team now believes the “Bank of Canada will now need to raise its policy rate to 4.25 per cent by the end of the year.” “There was a broad consensus that inflation remains the most immediate threat to current and future prosperity,” Macklem said to reporters on Oct. 14.
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